Guideline Value for AMMAN KOIL STREET

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Amman Koil Street has changed

The guideline value of Amman Koil Street has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 150% rise. However, from 2012 to 2017, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, reflecting a 49% increase from the previous figure.

With the latest revision in 2024, the guideline value has reached Rs 4,900 per sq.ft, representing a 9% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 172%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing Amman Koil Street's 2024 figure below that median.

• Amman Koil 2nd Lane: Rs 4,900 per sq.ft (2024)
• Amman Koil 1st Lane: Rs 4,900 per sq.ft (2024)
• Anantha Vinayagar Koil Street: Rs 4,900 per sq.ft (2024)
• Angalamman Koil Lane: Rs 5,500 per sq.ft (2024)
• Angalamman Koil South Mada Street: Rs 5,500 per sq.ft (2024)
• Angalamman Koil Street (Slum Area): Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amman Koil Street?

Amman Koil Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Purasaivakkam

The guideline value plays a crucial role in property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value serves as a benchmark for the transaction, ensuring that the property is valued appropriately for tax purposes. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 172% over the years.

What is the land classification for Amman Koil Street?

Amman Koil Street is classified as Residential Class III Type - II under the guidelines set by the local authorities.

What are the stamp duty and registration fees for properties in Amman Koil Street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Where is the Sub Registrar Office for Amman Koil Street located?

The Sub Registrar Office covering Amman Koil Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.